Financial Stewardship

Should I sell my $400K UOB at $35.69

Disclaimer: This blog is provided for education/information purposes and should not be used as an enticement to invest in any financial products

Wednesday, 1 January 2025

2024 $184K Profit (Nice!)

Today is the 1st day of 2025, and time to summarise and consolidate the whole year of 2024. Counting my blessings for the total profits of 2024 came in at a nice $184K. A major bulk of these came from the 3 local banks, followed by various reits, blue chip stocks and bonds. The past year has been a great run-up for stocks especially DBS, UOB and OCBC. I couldn't resist to take some profit, as prices climb to all time highs. Computing over the past 20 years, the accumulated profits have exceeded the psychological $1M. Who says you can only be a millionaire through property?! Stocks are also possible too and I am one of the many examples. Nice! 😎

Looking forward into 2025, the major wild card seems to be Trump. Some are optimistic with the anticipated tax cuts, others are pessimistic with upcoming tariffs war. It's certainly a more dangerous and volatile year ahead. With trepidation, we can only carefully tread forward, hoping for the best and preparing for the worst.

When I slowly started investing some 20 years ago, it was just to be a good steward of money, working and saving hard for a better future. Of course there were many silly mistakes I made, but only by persevering and pressing on bravely, casting aside bad decisions and forgiving myself, upon looking back there seems to be some achievements now. 😅

Press on Financial Warrior, YOU Mighty Man of Valour!

Single day $50K unrealized profits w Banks

Is UOB at $27.86 a good buy?

Disclaimer: This blog is provided for education/information purposes and should not be used as an enticement to invest in any financial products

Saturday, 9 November 2024

Should I sell my ~$400K UOB at $35.69?

I have been accumulating UOB for some time, as its quarterly results and price seems to be lagging both DBS and OCBC. Expanses remain high from its Citi acquisitions which should be good for the longer term, but depressing net profit in the short run...

Finally the day came for its Q3 results and its eye popping 7% rise yesterday. Though the last 3 hours on Fri saw a price pullback from the all-time high of $36.60, the close was still a very respectable price of $35.69

Fri's volume was very high at 14 million, than its 52 week average volume of just 3 million. This shows that the BBs are aggressively accumulating UOB with the hope of selling it even higher. Coupled with China govt under-whelming announcements to prop up its weak economy, there could still remain some price strength next week

Still a bird at hand is better than two in the bush, and it's never wrong to take some money off the table. Surely we need to reward ourselves a little, eating some nice food and enjoying life for our hard work 😅

Press on Financial Warrior, YOU Mighty Man of Valour!

Is UOB at $27.86 a good buy?

Disclaimer: This blog is provided for information purposes and should not be used as an enticement to invest in any financial products

Friday, 8 November 2024

Single Day ~$50K unrealized profits w Banks

Both UOB and OCBC announced good Q3 results today, plus DBS yesterday. While many would agree that these are all great results, still an eye-popping single day increase of around 9% for UOB and 2% each for OCBC and DBS has been quite pleasantly surprising! I couldn't resist to sell some OCBC to take some profit, with upcoming weekend & possible China govt positive announcements, which might pull some funds back into undervalued HK markets

The USA election win for Trump has been also unexpected, and I can't help but wonder why would Americans elect such an immoral person as president. Complicated & different approaches to policies like Israel/Hamas war, Abortion, Tariffs, Tax & Regulations and LGBTQ can be debatable on what should be the correct/better choices, but raping woman is just immorally WRONG! Apathetic & misinformed voters could prove to be a slow spiral downfall of a global superpower

I was actually expecting a close & hung election, with Harris winning & Trump disputing with recounts. Unfortunately, it was a big victory for the Republicans with wins in Senate & possibly the House. There goes the S&P500 pullback to purchase more, and once again we are seeing all-time high prices. Are u also waiting for an opportune time to buy more S&P500 for long-term investments? Let me know in the comments below, thanks 😁

It's going to be a scary & unpredictable outlook for the future 4 years. Who knows that Trump might decide after 4 years to continue on for more. He is the "King" now, controlling Executive, Legislature and the Courts. Hoping for the best & preparing for the worst 😅

Press on Financial Warrior, YOU Mighty Man of Valour!

Disclaimer: This blog is provided for information purposes and should not be used as an enticement to invest in any financial products

Saturday, 13 July 2024

Tracker Fund of Hong Kong 2800.HK

With the S&P500 breaching all time highs, I was hesitatant to buy more VUSD.L ETF, and instead looking at other more attractive low hanging fruits. Naturally after the largest USA economy, we can look at the next No. 2, which is China. Being a Chinese and knowing some history of China and the Chinese language, I guess there's some slight advantage in trying to understand China vs the West. Also in my previous work, Singapore has been a key player in trying to bridge/work between the USA and China. China market is a bit complicated/restricted and still in infancy stage compared to S&P500, so naturally a more understandable and tradeable would instead be the Hong Kong market.

The Tracker Fund 2800.HK is one of the most traded stock in the Hong Kong market, with daily volumes around 300M with value of HK$5.7B (S$1B). This is equivalent to the daily value of the entire Singapore market! Besides it is also composed from various China technology stocks like Alibaba/Tencent/Meituan/JD/Xiaomi/BYD and financials like AIA/HSBC/BOC/CCB/ICBC.

Source: HK market on 12 July 2024

Source: TraHK Full Holdings Monthly

I actually had a Buy queue at HK$18 on 10 July, but unfortunately it closed at HK$18.02 instead. The next two days saw a strong 4% rise, possibly from China govt interventions or USA inflation numbers. With the 3rd China Plenum in mid July, there could be more policies upcoming to support the economy and battered property sector.

2800.HK has dropped almost 50% since Jan 2018, and might be forming a double bottom pattern to stage a price reversal recovery. Would it form a higher-low and eventually form a higher-high for a trend reversal? Only time will tell 😅

Press on Financial Warrior, YOU Mighty Man of Valour!

CLAS ~$100K investment ... nimbling Capland Ascott